Americas

The purchase of Michigan-based Compliance Systems Inc. is intended to better help credit unions stay on top of regulatory changes.

The company will pay $64 million in cash and stock for First Beeville Financial.

Michael Daly's resignation may have been precipitated by an anonymous letter last month describing the workplace as “toxic” and in dire need of change.

A period of churn in Canadian airline loyalty is nearing an end as Air Canada moves ahead with a deal to take over its old loyalty program, Aeroplan, and keep its partner banks on board.

The Credit Union National Association will not ask Mississippi Republican Cindy Hyde-Smith to return its campaign contribution, even as a number of major corporations have asked for their money back.

Stephen Gordon, who led the bank's recapitalization in 2010, is being replaced as CEO on an interim basis by former FirstMerit CEO Paul Grieg.

It's the latest expansion step in commercial services there by the Atlanta bank, which has no retail branches in Texas.

The Connecticut regional bank will pay $327 million for the parent of Belmont Savings Bank.

Michael Daly had been the Boston company's president and CEO since 2002. It did not say why he left.

Andrew Leventis will take over for Ralph Monaco, who is retiring in December after seven years with the regulator.